PHOENIX-DDR Corp. has bought its partner DRA Advisors Inc.'sownership stake in Arrowhead Crossing and Tanasbourne Town Centerfor a total price of $70 million. Arrowhead Crossing located inPhoenix is a 412,000-square-foot retail center built in 1995. Thecenter is 96% occupied with tenants including Staples and NordstromRack.
Tanasbourne Town Center situated in Portland is a566,000-square-foot retail center opened in 1995. The center is 97%leased to retailers including Target and Nordstrom Rack. For thefull story, go to Commercial Property Executive .
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